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    Risks to the revenue and collection cycle

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    Explain some risks to the revenue and collection cycle that are the result of improper revenue collection.

    © BrainMass Inc. brainmass.com October 10, 2019, 7:01 am ad1c9bdddf
    https://brainmass.com/business/accounting/risks-to-the-revenue-and-collection-cycle-565209

    Solution Preview

    When improper revenue amounts are reported as income, the risks are that

    1. Revenue is overstated (or even understated) and usually the result of a timing issue or cut-off problem.
    2. Revenue ...

    Solution Summary

    The solution provides a listing of seven types of problems or risks when revenue is improperly reported.

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